... Further, detached house flipping has been nearly cut in half. In 2016, Vancouver detached houses being flipped within one year made up 4.46% of sales, and reached 8.1% over a two year window. It has since dropped to 2.29% and 5.7% respectively...."

Yeah, what does flipping has to do with the foreign tax? You are barking on a wrong tree as usual.. Did the foreign tax work? Yes, partially, especially for the high end, but what will bring down the whole market? If there is any, it will be interest rate.

Obviously, some markets have not returned to 'normal'. So, the foreign tax has worked. Any half wit knows that the withdrawal of money from a market will weaken the demand. Check out the charts below.

There are good things in 2018 and 2019. Ottawa is going after the flippers for capital gains. Mayor Sunshine is talking about Locals First in the presale market. Many ways to dampen the speculative fever. Keep your fingers crossed.

As I keep saying, we need to return to sanity in order to avoid hard left governments. Jean Swanson came in second in the by-election. Take note.